2612 Meadowbrook Dr, Denver, CO 80221
5 beds · 2 baths · 1,992 sqft sqft
*** Preferred lender providing a 1.75% lender credit (based on loan amount) to be used towards closings costs and prepaid items or buy down interest rates! Primary, Secondary and Investment loan eligible, no income limits – Conditions apply. Estimated savings of up to $8,750! Welcome to this charming ranch-style home with a fully finished basement, located in a safe and friendly neighborhood! A grassy landscape and a spacious 5-car driveway are just the beginning. Discover an inviting living/dining room adorned with a fireplace for chilly nights! The kitchen boasts stainless steel appliances, ample wood cabinetry, and a subway tile backsplash. The main level includes 2 bedrooms, 1 full bathroom and non-conforming 3rd bedroom/bonus room. Head into the basement to find a versatile space that can be a game area, family room, or anything that could suit your needs. Additional features on this level include two more bedrooms, a 3/4 bathroom, and a laundry room/storage room, enhancing the home's functionality. PLUS! Enjoy the comfort of evaporative cooling and energy-efficient appliances, ceiling fans, and LED lighting throughout the house. This home includes laminate flooring, built-in audio/video controls, and upgraded bathrooms with a manufacturer's warranty. Security is a priority, with exterior doors equipped with deadbolts, bump-proof locks, and a radon mitigation system! Out of the large backyard, you have an open patio to relax or have a fun BBQ. The 2 storage sheds are great for gardening & garage needs, while the greenhouse is currently used for wood storage. Conveniently close to the highway, RTD, and within walking distance of schools. The neighborhood is dog-friendly and offers a park. Take advantage of the nearby water park for endless outdoor fun! All built-in appliances will remain as currently installed, making this home perfect for comfortable living.
Source: RECO #8221568
Interest rate and monthly payment estimated based on public records.
Source: RECO #8221568
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #8221568
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